Goldman Sachs Asset Management (GSAM) is seeking to add sales and investment expertise to expand its Asian liquidity product, Asian Investor reports. The asset manager administers approximately $240 billion globally in liquidity products such as money-market funds, short-term funds and managed accounts.
GSAM currently has four sales and distribution personnel solely for liquidity products in the Asia-Pacific region. It also has two portfolio managers located in China and one operating out of Australia. As one solution does not work for everyone in such a diverse region, the firm intends to expand the width of its coverage and China, Korea and India are focus areas.
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